JBF group is the second-largest manufacturer of textile-grade chips and third-largest producer of partially-oriented yarn and biaxially-oriented polyethylene terephthalate (BOPET) chips and films domestically. JBF Industries was founded by Bhagirath Arya as a yarn texturising company in 1982. Additionally, JBF group is among the top 10 BOPET chip and film producers globally through its foreign subsidiaries that include JBF RAK LLC, JBF Global Europe BVBA and JBF Bahrain SPC. JBF group has six manufacturing facilities across India, Bahrain, Belgium and the United Arab Emirates. While requests for comment sent to the JBF Industries remained unanswered until press time, a KKR spokesperson declined to comment.

Source: Mint February 04, 2018 18:11 UTC